Power Cement to obtain €30m foreign loan for ongoing clinker expansion project
Power Cement announced it had completed the financing arrangements of Rs24.9 billion ($205 million) for the 2.5Mta expansion of its cement plant in the Nooriabad Industrial Area, Kalo Kohar District, Jamshoroo, Sindh
Padding up the cement tycoons’ coffers
With CCP timidly looking away, the APCMA is running a cartel, setting up production quotas and extracting rapacious rates from captive consumers
Power Cement completes financing for new plant
One of Pakistan’s leading cement producers, Power Cement Ltd has completed the financing arrangements of Rs24.9 billion ($205 million) for the 2.5Mta...
Rupee devaluation could attract foreign investors back into stock market
Foreign investors have been pulling out their money from the stock market and were net sellers of $266 million during FY18 compared to $728 million in the corresponding period of last year
Capacity utilisation in cement reaches all time high at 95pc
KARACHI: With fifteen days of fasting falling in the month of May, cement consumption has slightly been affected as domestic despatches have...
Bestway Cement completes construction of brownfield expansion project
Last April, Bestway Cement (BCL) had shelved its plan to acquire Dewan Cement Ltd’s (DCL) north plant due to legal uncertainties and delays that arose in light of the court proceedings initiated in the Sindh High Court
Pakistan has eight brownfield cement projects underway
China-based Sinoma is currently building a 1.9Mta plant for Bestway Cement at a cost of PKR18.9bn and about 55 percent of the work has been carried out to date
D.G Khan Cement announces completion of Pakistan’s largest cement plant
The cement produced in the trial run is being dispatched to customers. The announcement of commercial production will be made in due course of time, said D.G Khan Cement
Dewan Cement in sweet spot to gain cement share of Bhasha dam
KARACHI: Dewan Cement Limited (DCL), a renowned cement manufacturer of the country, eyes on the rising cement demand in Pakistan in general...
APCMA urges govt to decrease taxes, FED on cement
ISLAMABAD: The All Pakistan Cement Manufacturers Association (APCMA) has urged the government to decrease the taxes and Federal Excise Duty (FED) on...
Dewan Cement rejects Mega Conglomerate’s acquisition offer
Dewan Cement’s spokesperson has claimed the negotiations are still going on and the deal could be salvageable, however, there has been no formal announcement on the stock exchange by Dewan Cement about the status of the deal
Cement prices increased ahead of FED implementation
LAHORE: Cement makers have increased prices in the northern region by Rs15-20 per bag ahead of the Federal Excise Duty (FED) to...
Is Dewan Yousuf serious or will he hoodwink everyone yet again?
The Group faces a serious credibility crisis as it turns down offers for its cement plants for the umpteenth time – even the lucrative Mega offer – raising doubts about its intent to sell and settle the default.
Cement industry capacity utilisation touches 95 per cent
According to data released by All Pakistan Cement Manufacturers Association (APCMA), the industry despatched 4.237 million tonnes of cement in April 2018 that was 17.46 per cent higher than the despatches of 3.576 million tonnes achieved during the corresponding month of last fiscal.
Economic Survey 2017-18: Foreign investors divested securities worth $123.9 million
Capital market exhibited signs of volatility during the period of July-March of FY 2017-18